President Joe Biden marked a new milestone in his effort to forgive student loans, as the total number of public servants who have received relief exceeded 1 million since he took office.
The administration on Thursday announced that it has approved $4.5 billion in student-debt cancellation for around 60,000 of the workers. While court challenges have left other debt-related programs in limbo, these borrowers have benefited from reforms to the government’s public service loan forgiveness program, which was previously riddled by poor management and low acceptance rates.
“Public servants saw their applications fall victim to fine-print technicalities, red tape, accounting errors and a wall of indifference from the Trump administration,” Education Secretary Miguel Cardona told reporters. “The process is fixed and will continue providing forgiveness to public servants for years to come.”
More than $73 billion in loans have been forgiven through the 2007 initiative under Biden, according to an Education Department press release. Borrowers eligible for the latest round of relief are expected to see their debt cleared in the coming days and weeks.
idislikeanthony on
Me included!
LengthinessMajor1635 on
1 Million Public Servants Get Student Loan Relief! Bidens administration has approved 4.5 billion in debt forgiveness for 60,000 workers! After years of red tape its time to honor those who serve our communities. Every dollar forgiven is a step toward a brighter future!
weliveintrashytimes on
Idk bout yall, but for your average guy the Biden administration has done so fucking much man.
so much unnecessary hate, when history looks back his legacy is gonna pretty high up compared to other presidents.
MrIrrelevantsHypeMan on
I love people telling me I don’t deserve student loan forgiveness. I didn’t get my GI Bill because of expiration dates that no longer exist. If I had that option I wouldn’t need loans
Thanks for trying for the rest of us. Fuck Republicans.
abstract-pigeon on
I love that Biden is cancelling student debt, but I also think we should focus on making higher education affordable for everyone so people DON’T need to take out these massive student loans. I wonder how many people are forced into different careers because they didn’t want to be burdened by massive student debt.
Student loan forgiveness is wonderful for the people who get it, but we need to solve the issue of why higher education is so crazy expensive.
thisisnahamed on
Biden is underrated. He gets a lot of shit for his age and his speech. But despite the fact he acquired the country in a shitty state from Trump — the administration has done a good job in the US
DisturbingDaffy on
But not mine.
GalacticMe99 on
How many new students with cripling student debt have taken their place in the time it took to get to this number?
[deleted] on
[removed]
4_tha_ents on
This should read, “Biden has cancelled 2.1% of all student debt”
ausmankpopfan on
Lord I see what you’re doing for Americans with student debt please think of us Australians to
Matt010288 on
I wish my fiancée could get his forgiven. He’s been paying regularly for ten years and he has paid off -14% of his loan. Yes, he has paid negative 14% of his loan. Interest accrues so quickly that 100% of each payment goes exclusively to the interest and none of it ever goes toward the principle. We want to buy a house, hopefully in the near future but at this point I wouldn’t be surprised if we are lifelong renters and will die before the loans are paid. This country is awful.
Alive_Potentially on
I served 10 years in the National Guard to include a year deployment. My GI Bill only covered 60% of my tuition. I’d love to have my student loans cleared.
vegetariangardener on
“How does this help the trump campaign?”
funksoldier83 on
That’s awesome, but my family is really negatively affected by student debt and we have yet to see a penny of relief. Wondering when it’s our turn.
Ryyah61577 on
Still hoping. For mine. I was working on my doctorate. And while taking a break because of going through divorce, the school shut down the program. Because I wasn’t enrolled actively when it shut down I didn’t get the forgiveness that everyone else got.
BigDickLowEnergy on
If not for my and my partner’s debt forgiveness, we couldn’t afford to keep our house. Biden literally saved us from destitution.
LastDaysCultist on
So fortunate for politicians that give a fuck about society. I’m eternally grateful my student loans are gone.
david76 on
It would be a hell of a lot more of Republicans didn’t keep suing to block it.
22 Comments
From Bloomberg News Akayla Gardner:
President Joe Biden marked a new milestone in his effort to forgive student loans, as the total number of public servants who have received relief exceeded 1 million since he took office.
The administration on Thursday announced that it has approved $4.5 billion in student-debt cancellation for around 60,000 of the workers. While court challenges have left other debt-related programs in limbo, these borrowers have benefited from reforms to the government’s public service loan forgiveness program, which was previously riddled by poor management and low acceptance rates.
“Public servants saw their applications fall victim to fine-print technicalities, red tape, accounting errors and a wall of indifference from the Trump administration,” Education Secretary Miguel Cardona told reporters. “The process is fixed and will continue providing forgiveness to public servants for years to come.”
More than $73 billion in loans have been forgiven through the 2007 initiative under Biden, according to an Education Department press release. Borrowers eligible for the latest round of relief are expected to see their debt cleared in the coming days and weeks.
Me included!
1 Million Public Servants Get Student Loan Relief! Bidens administration has approved 4.5 billion in debt forgiveness for 60,000 workers! After years of red tape its time to honor those who serve our communities. Every dollar forgiven is a step toward a brighter future!
Idk bout yall, but for your average guy the Biden administration has done so fucking much man.
so much unnecessary hate, when history looks back his legacy is gonna pretty high up compared to other presidents.
I love people telling me I don’t deserve student loan forgiveness. I didn’t get my GI Bill because of expiration dates that no longer exist. If I had that option I wouldn’t need loans
[https://m.media-amazon.com/images/M/MV5BMTk0NDkyMzE0Ml5BMl5BanBnXkFtZTYwMzMxNzg2._V1_.jpg](https://m.media-amazon.com/images/M/MV5BMTk0NDkyMzE0Ml5BMl5BanBnXkFtZTYwMzMxNzg2._V1_.jpg)
Thanks for trying for the rest of us. Fuck Republicans.
I love that Biden is cancelling student debt, but I also think we should focus on making higher education affordable for everyone so people DON’T need to take out these massive student loans. I wonder how many people are forced into different careers because they didn’t want to be burdened by massive student debt.
Student loan forgiveness is wonderful for the people who get it, but we need to solve the issue of why higher education is so crazy expensive.
Biden is underrated. He gets a lot of shit for his age and his speech. But despite the fact he acquired the country in a shitty state from Trump — the administration has done a good job in the US
But not mine.
How many new students with cripling student debt have taken their place in the time it took to get to this number?
[removed]
This should read, “Biden has cancelled 2.1% of all student debt”
Lord I see what you’re doing for Americans with student debt please think of us Australians to
I wish my fiancée could get his forgiven. He’s been paying regularly for ten years and he has paid off -14% of his loan. Yes, he has paid negative 14% of his loan. Interest accrues so quickly that 100% of each payment goes exclusively to the interest and none of it ever goes toward the principle. We want to buy a house, hopefully in the near future but at this point I wouldn’t be surprised if we are lifelong renters and will die before the loans are paid. This country is awful.
I served 10 years in the National Guard to include a year deployment. My GI Bill only covered 60% of my tuition. I’d love to have my student loans cleared.
“How does this help the trump campaign?”
That’s awesome, but my family is really negatively affected by student debt and we have yet to see a penny of relief. Wondering when it’s our turn.
Still hoping. For mine. I was working on my doctorate. And while taking a break because of going through divorce, the school shut down the program. Because I wasn’t enrolled actively when it shut down I didn’t get the forgiveness that everyone else got.
If not for my and my partner’s debt forgiveness, we couldn’t afford to keep our house. Biden literally saved us from destitution.
So fortunate for politicians that give a fuck about society. I’m eternally grateful my student loans are gone.
It would be a hell of a lot more of Republicans didn’t keep suing to block it.